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Greenpeace, Friends of the Earth, and Global Witness have all raised concerns about the creeping reliance on unproven carbon removal methods in companies' decarbonisation strategies, but some scientists maintain carbon capture is essential if net zero goals are to be met.
government has a new goal to make it much cheaper to suck carbon dioxide out of the air. Today, we know how to generate clean electricity from the sun, wind, water, and the latent heat beneath the Earth’s surface. The CarbonNegative Shot is the third program in the Earthshots series.
CalWave Power Technologies , which is working to harness carbon-free power from ocean waves, was chosen by the U.S. Testing Expertise and Access to Marine Energy Research program as one of 11 projects to receive over $1.1M Department of Energy. to develop two carbon capture units.
Negative emissions technologies are critical for the earth’s climate and hitting net zero in the UK, argues Drax CEO Will Gardiner. But it's vital we don't lose sight of long-term climate and energy challenges and the vital sustainability targets that must solve them. Going net negative. Work remains to be done.
The falling cost of wind and solar power significantly reduces the need for carbon capture and storage technology to tackle climate change, a new paper has argued. Cheap, abundant renewable energy reduces the value of CCS in all areas.”. by the end of the century. Renewables. The Right Kind of CCS’.
It had been about a year and a half since he left his job at an aerospace company to found a clean energy startup in San Francisco with three of his friends, but the path to success he’d once envisioned had crumbled. Charm would use the same technology, but instead of turning plants into a useful energy product, it would offer a service.
Funding M2X Energy , which develops a modular, transportable gas-to-liquids system to economically produce low-carbon methanol, raised a $40M Series B to accelerate the manufacturing and deployment of its system. APRA-E SCALEUP award to scale the manufacturing of its aerogel materials for energy-efficient windows.
National Infrastructure Commission urges government to act quickly to drive development of first wave of BECCS and DACS plants, arguing carbon removals will be a cornerstone of the UK's future economy. Calls for the UK to start scaling up negative emissions technology are becoming shriller.
In deals, major funding includes $116M for hydrogen-poweredaviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B sustainable infra fund.
Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 🔋 Renewables + storage turned out to be price competitive against fossil fuels after Lazard’s Levelized Cost of Electricity analysis included intermittency costs for the first time. Disaster seemed to be everywhere.
.” — a passage from “ Cabbage Koora ,” by Sanjana Sekhar The spotlight Nearly 4 in 5 people support doing “whatever it takes” to mitigate climate change, according to a survey published late last year by the firm Potential Energy. Another aspect of that future is limiting carbon-intensive forms of travel.
Aviation industry hails first ever long-term climate goal for sector, but green groups remain sceptical over credibility of new target. Nor does it include any aspirations to reduce demand for flights in order to drive emissions reductions, or specific pledges to ramp up development of low carbon aircraft or negative emissions technologies.
Now the CEO of Rubi Laboratories , Mashouf wants to clean up the industrial sector and create processes that harness the powerful systems of the natural world to create a sustainable manufacturing ecosystem. fashion industry , which accounts for ~10% of global CO2 emissions —more than aviation and shipping combined.
The Sixth Carbon Budget report published today encompasses around 1,000 pages which offer the most detailed roadmap ever developed on how to transform a modern economy so that it delivers net zero emissions within the space of just 30 years. The Sixth Carbon Budget also brings with it a clear need to act in the short term.
And as commentators have pointed out , the EU Council's agreement is scant on detail in a number of crucial areas, most notably how the proposed 30 per cent climate spending proportion will actually be monitored, and what type of projects it should be spent on. There were disappointments for the green economy in the EU Council deal, too.
ICVCM said the new Core Carbon Principles (CCPs) have been developed using input from hundreds of organisations throughout the voluntary carbon market and will set out fundamental principles for high-quality credits which deliver real, verifiable emissions reductions based on the latest science and best practices.
What role do metals exchanges have in driving a sustainable transition to a low-carbon economy? Low-carbon premiums and green asset classes. The plan is to monitor the activity happening on the site to gauge whether there is a case for a premium for green metals to be attached to the LME's standard contracts.
In deals, $900m for pulsed magnetic inertial fusion, $100m for energy efficiency as a service, and $70m for AI precision weed control. By 2030, it aims to produce 75,000 to 100,000 tons of Lithium Carbonate Equivalent (LCE), the refined product used in batteries, enough to power 1m EVs.
Because the price of keeping the status quo grows steeper every year, from the human and economic toll of climate-related disasters, fires, heatwaves, and other environmental stresses to the jobs left on the table by not accelerating towards a carbon-free, regenerative economy. Carbonnegative materials. Why do we love them?
The joint policy statement and principles provide integrity standards for carbon credits that both the US government and participants in the voluntary carbon market should aim to follow. The VCM can also facilitate buyers’ additional climate ambitions through large-scale efforts, such as nature-based carbon projects.
A breakthrough in next-generation geothermal, industry approval for emissions-free cement, and the start of construction on a first commercial sustainable aviation fuel (SAF) plant illustrate progress and put the focus on execution moving forward. Meanwhile, extreme heat boils over into labor issues.
VERGE Energy Conference (VERGE 20) will take place on October 26-30, 2020. This online event can be attended from anywhere, The central theme at VERGE 20 will focus on how energy systems can be decarbonized, decentralized, digitized and democratized. VERGE 20 will be attended by more than 15,000 leaders, it will feature 300+ speakers.
To me, this was a particularly silly question, as I recently finished writing an article on the future of fossil fuels and oil prices were actually negative for the first time in human history. Our usage has jumped 62 per cent over the course of a few decades — up from 61.6 And can any drop in oil usage happen quickly enough? (5)
Overall, it was more positives than negatives. Even the negatives — the politicization of ESG investing and reporting, the economic downturn, the energy crisis created by the Russian invasion of Ukraine — are temporal phenomena, part of the regular ebbs and flows of economics and policy. Electrification amped up.
A handful of new announcements from Exxon, Shell, Google, and more show how emerging clean firm technologies are scaling up to power the sector. In deals, $600m in data centers, $44 in lithium-ion energy storage and $35m in drone monitoring. What happened? Chevron’s CEO also said that the company has similar plans.
McGee, the American Economic Liberties Project’s senior fellow for aviation and travel posted on X on Tuesday, October 8. ” Today’s climate crisis is playing out at a time when corporate power is highly consolidated, particularly in concentrated airline markets. “I and global climate policy for aviation.
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